FE ReportBangladesh Bank Governor Dr. Atiur Rahman has asked the local banks and financial institutions to take advantage of the country's recent favorable sovereign credit ratings in dealing with the counterparts abroad.The local financial institutions, the central bank governor said,...
Southeast Bank Limited expanded its network further by opening its 2nd Off-shore Banking Unit at Chittagong EPZ Sunday. In presence of Mahbubul Alam, Managing Director of the Bank, S. M. Abdur Rashid, General Manager, Chittagong EPZ, formally inaugurated the Off-shore...
New York: Citigroup Inc. Monday reported first quarter 2010 net income of $4.4 billion or $0.15 per diluted share, and revenues of $25.4 billion, said a press release.Revenues grew $7.5 billion and net income increased $5.8 billion, excluding the $10.1...
Development organizations can play a key role in proper utilization of corporate social responsibility (CSR) funds in social development and this can be attained through an effective linkage between NGOs and the corporate sector.The observation came from participants of a...
FE ReportAbout 0.8 million landline-users of Bangladesh Telecommunications Company Ltd (BTCL) will be able to make international calls to 55 countries at subsidised tariff from today (Tuesday). The offer comes, as the state-run telecom company has decided to provide the...
Mashiur RahamanThe country's leading conglomerate Square Group is going to launch commercial helicopter service within this month focusing chartered as well as emergency medical evacuation within the country.Initiating with one six-seater 407-Bell helicopter the 'Square Air Limited' as it is...
Continued from page 9BB Governor pointed that positive ratings by the top global agencies would enable the local institutions to bargain for lower interest charges in case of foreign borrowings for loan syndications. The central bank governor also warned the...
The Express Group celebrated its Express Night-2010 where prize distribution ceremony of Express Group Intra Office Cricket Tournament Season-2 and Recognition of Dedicated Services of the employees for last 15 and 20 years took place at Emmanuelte's Banquet Hall in...
As the Election Commission (EC) has taken security measures for the candidates of by-election to Bhola-3 parliamentary constituency, opposition BNP has demanded security to the voters as well, reports UNB.BNP standing committee member Khandaker Mosharraf Hossain said the Bhola-3 by-election...
Chief Election Commiss-ioner (CEC) ATM Shamsul Huda has made it clear the Election Commission (EC) was not planning to deploy the army in the next general elections even, let alone the upcoming Bhola by-election, reports UNB."Army will not be deployed...
Prime Minister Sheikh Hasina Monday said there was need of further enquiry to find out why the Leader of the Opposition had gone into hiding just before the BDR mutiny, reports UNB."Why she (Khaleda Zia) went out from her residence...
SATKHIRA, Apr 19 (UNB): The BDR Special Court-1 here Monday sentenced 56 out of 60 accused BDR jawans of 7-Rifles Battalion to different terms of imprisonment on charges of February 25-26 mutiny in 2009.The special court headed by the outgoing...
The cabinet has decided to fill up the 30 per cent quota for freedom fighters (FFs) and their dependents in government, semi-government and autonomous bodies' recruitment. At present the posts remain vacant in the absence of eligible candidates.Now the cabinet,...
The government has put great importance on introducing 'cooperative ventures' for marketing the agricultural produce of rural areas, Prime Minister (PM) Sheikh Hasina said Monday, reports UNB."Marketing of a product is very much important. You've to set up cooperatives across...
FE ReportSpeakers at a seminar called upon the governments of the South Asian countries to bring-out SAARC from the corridor of bureaucracy and make the organisation effective in promoting the welfare of the region's common people.They also urged the South...
DU CorrespondentA youth was arrested over teasing a female student of Dhaka University (DU) Sunday night. The arrestee was identified as Fuad Ahmed Babu, a resident of old Dhaka. Babu with his two friends teased a DU student on her...
The Hajj Agencies Association of Bangladesh (HAAB) has announced fresh Hajj packages under private management for the upcoming pilgrimage session of 2010, reports UNB.The minimum rate of the Hajj packages is Tk 230,000 per pilgrim, excluding the sacrificial animal usually...
National skipper Shakib Al Hasan-led Kings of Khulna is the first team to reach the final of the Destiny Group NCL T20 Cricket beating Mashrafe Bin Mortaza's Sultans of Sylhet by six wickets in the first semifinal at the Sher-e-Bangla...
The Standard Bank National Cricket Academy team of South Africa will arrive in the capital today (Tuesday) on a 22-day tour of Bangladesh, reports UNB.During the tour, the visitors will play two four-day, three one-day and two T20 matches against...
A double strike by Nigerian striker Alamu Bukola Olalekin powered Mohammedan SC to a 3-1 goals win over Chittagong Abahani Limited in the day's lone match of the Citycell Bangladesh League at the MA Aziz Stadium in Chittagong Monday, reports...
National hockey camp ahead of the Asian Games Qualifying Round Hockey begins tomorrow (Tuesday) at the Maulana Bhasani National Hockey Stadium in the city.Bangladesh Hockey Federation initially picked up 25 players for the camp.On completion of the preliminary camp, an...
Nazmul AhsanNearly 20000 local business firms, companies and public sector entities are required to be rated by credit rating agencies to prove their credit worthiness and meet the financial compliance issues, said Bangladesh Bank (BB) in a report.The central bank...
FHM Humayan KabirThe government has spent only 44 per cent from the total development budget in the first nine months of the current fiscal offering an unimpressive picture of public investment, officials said Monday.Planning ministry officials said the government project...
FE ReportThe government is keen to enter into a contract with the Qatar Petroleum for immediate import of liquefied natural gas (LNG) through special tankers known as 'floating, storage and re-gasification units' (FSRUs), a top government official said Monday."We will...
FE Report The central bank has given permission to 27 private commercial banks (PCBs) for opening around 350 branches throughout the country. Of the total, 110 will be dedicated for small and medium enterprises and agricultural loans by this calendar...
Our Correspondent CHITTAGONG, Apr 19: Security has been beefed up in the Chittagong central jail after a group of prisoners held a foreign prisoner and two jail guards hostage in the prison cell on Sunday.The government today formed a three-member...
FE ReportDhaka stocks bounced back rising more than one per cent Monday, snapping a losing trend of five straight sessions.The benchmark DSE General Index (DGEN) rose 61.93 points or 1.13 per cent to 5529.05, lifted by sharp gain in banking,...
ISLAMABAD, April 19(AFP): Pakistan's President Asif Ali Zardari on Monday signed into law sweeping constitutional reforms that strip him of key powers in a move to bolster parliamentary democracy weakened by military rule.The amendment rolls back decades of meddling by...
The Cabinet Monday decided in principle to rename the Upazila Nirbahi Officers (UNOs) as Mukhya Nirbahi Officers (MNOs) having same executive authority and status. Local Government and Rural Development (LGRD) Minister Syed Ashraful Islam told this the reporters at his...
Toyota Motor Corp has agreed to pay a record $16.4 million (10.7 million pound) fine to the US safety regulators for delaying a massive recall over defective accelerator pedals. "By failing to report known safety problems as it is required...
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